Metaldyne Performance Group (MPG) Misses Q3 EPS by 1c

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Go back to Metaldyne Performance Group (MPG) Misses Q3 EPS by 1c

MPG Reports Strong Third Quarter Results, Significant Year to Date Growth and Continued Record New Business Awards

November 3, 2015 6:00 AM EST

SOUTHFIELD, Mich., Nov. 3, 2015 /PRNewswire/ -- Metaldyne Performance Group Inc. (NYSE: MPG), a leading provider of highly-engineered components for use in powertrain and safety-critical applications for the global light, commercial and industrial vehicle markets, today reported the following financial results for its third quarter ended September 27, 2015.

Third Quarter 2015 Financial Highlights:

Net sales were $746.6 million compared to $773.0 million in the third quarter of 2014. Gross profit increased 7.4% to $126.2 million for the quarter compared to $117.5 million the same quarter in 2014. Net income for the quarter was $28.3... More